FX_IDC:USDCAD US DOLLAR / CANADIAN DOLLAR
Looking for potential completion at 1.3050 with some nice structure at D and .618 confluence. Also lines up with the . I usually put stops 20 pips below X but keep in mind there is a major structure level around 1.29648 which also has a .786 fib confluence of the overall move. If thats to much risk for you I would at least get below the 1.3000 even handle. Target 1 & 2 at .382 & .618 Fibonachi retracement. Rolling stops to break even if we hit T1. Don’t forget to add a little cushion for the spread. Plan your trade and trade your plan.